Analysis Archive – Page 28

UK Lords Warn BoE Could Regulate Pound Stablecoins Into Irrelevance
A House of Lords committee has urged the Bank of England to ease its proposed stablecoin rules, warning that strict holding caps could leave GBP tokens stranded.

Ledger Adds an IBAN and Fee-Free USDC Conversion to Its Wallet
Ledger launched Cash-to-Stablecoin in Ledger Wallet, giving users an IBAN for deposits and paychecks plus USD/EUR to USDC conversion with no conversion fee.

RedotPay Launches Connect, a B2B Stablecoin Payment Gateway
RedotPay unveiled RedotPay Connect at Money20/20, a B2B gateway that lets businesses accept stablecoins and settle in local currency, claiming up to 70% lower merchant fees.

Strive Buys 2,500 BTC to Hit 19,000, a Day After Strategy Sells
Strive added 2,500 BTC to reach 19,000 total on June 2, one day after Strategy disclosed its first sale, as bitcoin fell to about $69,076.

MoneyGram Launches MGUSD Stablecoin on Stellar for Remittances
MoneyGram issued its own dollar stablecoin, MGUSD, on Stellar on June 2, 2026, with a self-custodial wallet for 60M customers across 500,000 retail locations.

EDGE Token Crashes 70% as ZachXBT Demands edgeX Name Its Market Makers
edgeX's EDGE token fell as much as 70% on June 1-2, triggering $2.81M in liquidations. ZachXBT says insiders controlled a low float and wants counterparties named.

ProCap Sells 52 BTC to Buy Back Shares Trading at Half Its NAV
ProCap sold 52 BTC to repurchase 2M shares at a ~50% discount to net asset value. Pompliano calls it accretive. The discount itself is the bigger story.

Mt. Gox Moves 10,306 BTC Worth $731M After Two Quiet Months
Mt. Gox shifted 10,306 BTC (~$731M) to a fresh wallet for the first time in two months, landing as Bitcoin trades near $70,557 in a Fear-gripped market.

Grayscale Sets 0.29% Fee on Hyperliquid Staking ETF, Undercuts 21Shares
Grayscale priced its planned Hyperliquid Staking ETF at a 0.29% fee, undercutting a rival 21Shares product and pushing the ETF fee war into staking wrappers.

Kelp DAO Hacker Launders $220M in Six Weeks, Closing Recovery Window
The Kelp DAO exploiter has laundered nearly all of the unfrozen $220M from April's $293M rsETH drain, leaving only the $71M frozen by Arbitrum recoverable.
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